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In this episode of the Dakota Fundraising News Podcast, Pat and Konch discuss private equity firms like Blackstone and Apollo pushing for access to U.S. 401(k) plans, arguing their funds offer better diversification despite risks of higher fees and lower liquidity. Job updates include Todd Hirsch joining Point72 to lead a new private credit strategy, Tim Thomas promoted to CIO at Badgley Phelps, and Philip Chandler becoming CIO at Schroders Investment Solutions. In RIA/FA M&A news, Savant Wealth promotes Zach Ivey to CIO, Sanctuary adds a $700M Miami team from Truist, and LPL recruits Lewellyn Financial from Osaic with $320M in assets. Institutional coverage features Wichita Retirement selecting PGIM as its Fixed Income manager and Ohio Police & Fire's $280M 2025 real estate plan. Texas TRS made significant commitments across real estate and private equity, including $400M to Blue Owl Real Estate. Fundraising updates include FTV Capital closing $4.05B across two funds and Stockbridge targeting $550M for a new residential real estate fund. Stay tuned for more fundraising and institutional insights!
Today's blockchain and cryptocurrency news Bitcoin is down slightly at $101,291 Eth is down slightly at $3,870 XRP, down 1% at $2.41 Riot Platforms adds BTC. Justin Sun's Bit Global suing Coinbase MegaLabs raises $10M. Galaxy Digital appoints former CFO of Point72. Learn more about your ad choices. Visit megaphone.fm/adchoices
Steve Cohen, founder of Point72 and owner of the New York Mets, highlights key attributes of elite investors and professional athletes. He underscores the importance of understanding motivation in assessing potential hires, focusing on revealing candidates' passions and adaptability. Cohen identifies resilience and a strong work ethic as common traits among top performers, which can distinguish them from peers. While acknowledging the significance of talent, he emphasizes dedication and adaptability as crucial for sustained success. His insights connect the fields of investing and sports, stressing that mental toughness and strategic thinking are vital for excellence. By concentrating on motivation, adaptability, and character, aspiring professionals can enhance their preparation for success.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.
This week on Pathfinder, we are joined by Chris Morales, Partner at Point72 Ventures, for a discussion on venture capital's role in shaping the space and defense technology landscape. In this episode, Chris provides a detailed overview of Point72 Ventures' strategic approach to investing, drawing on his background as a former naval officer and his experience in venture capital. The conversation covers key trends and challenges facing the space and defense sectors, with a focus on how startups can navigate this evolving ecosystem.In addition, we discuss:Point72 Ventures' investment framework and focus on emerging technologies critical to national securityThe growth of the space economy, from the adoption of proliferated LEO architectures to in-space mobility innovationsEvaluating companies across different stages of maturityThe role of government programs and non-dilutive fundingSpaceX's impact on market dynamics and its broader implications for venture-backed companiesStructural and financial barriers that space and defense startups face, and how investors can help address them • Chapters •00:00 - Intro01:02 - Chris's Thanksgiving must-haves02:15 - Point72 Ventures overview05:35 - History with space06:42 - Why did Point72 Ventures first get into space?09:00 - Chris's thesis about the space industry10:49 - Proliferated LEO12:11 - Predictive work and investments13:02 - At what stage in a company is Point72 Ventures looking to invest?13:53 - How does space fit into the investment strategy?15:51 - What happens when a portfolio company isn't hitting their milestones?17:12 - The process18:39 - How Point72 Ventures separates itself and what it provides beyond capital20:31 - Public and private sides of the firm21:13 - Market dynamics24:05 - Is there enough government funding for startups, and are they winning enough contracts?27:29 - Does SpaceX's valuation make sense?29:47 - Starship vs. Starlink business prediction32:42 - Is SpaceX a monopoly?33:26 - Is SpaceX a concern when it comes to investing in the industry?35:04 - Biggest issues facing startups today and how can investors help39:04 - Over and under-hyped areas of the market40:36 - Space ventures in the next decade42:25 - Gaps in the market43:37 - Advice to founders looking to start a space company45:00 - Mars47:00 - What does Chris do for fun? • Show notes •Point72 Ventures' website — https://p72.vc/Point 72 Ventures' socials — https://x.com/p72vcChris' socials — https://x.com/MrChrisMoralesMo's socials — https://twitter.com/itsmoislamPayload's socials — https://twitter.com/payloadspace / https://www.linkedin.com/company/payloadspacePathfinder archive — Watch: https://www.youtube.com/@payloadspacePathfinder archive — Listen: https://pod.payloadspace.com/episodes • About us •Pathfinder is brought to you by Payload, a modern space media brand built from the ground up for a new age of space exploration and commercialization. We deliver need-to-know news and insights daily to 19,000+ commercial, civil, and military space leaders. Payload is read by decision-makers at every leading new space company, along with c-suite leaders at all of the aerospace & defense primes. We're also read on Capitol Hill, in the Pentagon, and at space agencies around the world.Payload began as a weekly email sent to a few friends and coworkers. Today, we're a team distributed across four time zones and two continents, publishing five media properties across multiple platforms:1) Payload, our flagship daily newsletter, sends M-F @ 9am Eastern2) Pathfinder publishes weekly on Tuesday mornings (pod.payloadspace.com)3) Polaris, our weekly policy briefing, publishes weekly on Tuesdays4) Payload Research, our weekly research and analysis piece, comes out on Wednesdays You can sign up for all of our publications here: https://payloadspace.com/subscribe/
Barron's Senior Managing Editor Lauren R. Rublin and Deputy Editor Ben Levisohn discuss the outlook for markets and companies in the news. They will also speak with Dean Maki, Chief Economist at Point72, about his economic and interest-rate forecasts.
Get a glimpse of our eight-week summer internship through the lens of four 2024 Point72 Academy Summer Interns. We asked them to share their opinion on what it's like to work on an investing team, interviewing tips for aspiring candidates, and how this experience shaped their future careers.
The House of Representatives is voting on a stopgap funding bill–but Washington expects it to fail. Speaker Mike Johnson (R-LA) discusses the voter verification legislation that he's attached to the bill, despite limited Republican support. Actor, writer, and producer Mark Duplass is known for his roles on The Morning Show and The Mindy Project, but he's betting on a big shift for streaming. Ahead of the launch of “Penelope,” Duplass explains his inspiration for his new series and for a new approach to the entertainment business. The EU has ruled to annul a $1.7B fine on Alphabet, and Steve Cohen is stepping further back from the trading desks at Point72, and Ozempic might be targeted for a price cut. Plus, former President Trump has vowed to “get SALT back” if reelected, despite having signed the SALT deduction cap into law during his first term. Speaker Mike Johnson - 16:02Mark Duplass - 32:38 In this episode:Mike Johnson, @SpeakerJohnsonMark Duplass, @MarkDuplass Becky Quick, @BeckyQuickJoe Kernen, @JoeSquawkKatie Kramer, @Kramer_Katie
Before Sri Chandrasekar became managing partner at Point72 Ventures, he was a Senior Vice President at In-Q-Tel, the non-profit VC firm that invests in startups on behalf of the CIA and other national intelligence agencies. That work cultivated his interest in AI and ML a decade ago, which led hedge fund Point72 to recruit him to join its then-new venture arm in 2017. Fast-forward to 2024, Sri takes around 300 first-call meetings with founders each year. While we had an extended discussion about his investment thesis and the types of opportunities he's targeting, he also offered key insights into the current early-stage fundraising environment and spoke about the growing difficulty for startups seeking Series A funding, compared to the relative ease of raising seed rounds. AI-related startups need more capital than ever to launch a MVP, leading to larger seed rounds without increasing dilution for founders. However, this drives up valuations, and when startups reach the Series A stage, investors hesitate to pay high prices for companies with limited traction. “I think a lot of seed-stage founders are going to see this in the next year or two,” he said. “They're going to raise a Series A and they're going to be not up rounds, they'll be flat rounds.” 42:21 minutes Episode breakdown (1:45) “In-Q-Tel is the best place in the world to learn about venture.” (3:53) “Machine learning and AI is gonna be the most transformative force to our economy since the steam engine.” (8:55) “I think we're six to twelve months away from the trough of disillusionment.” (11:52) “It's easier than ever to build a prototype of anything… and the hardest that's ever been, in my opinion, to raise a Series A.” (15:27) The differences between working with technical and non-technical founders (19:23) “I'm starting to think that Herman Miller Aeron chairs probably hold their value longer than GPUs.” (21:16) “Returns are getting compressed, and something's got to give, right?” (24:21) What real repeatability actually looks like. (27:33) “It's really important to not get ahead of yourself in terms of marketing and branding until you have clarity around, ‘do I have product-market-fit?'” (31:26) Sri breaks down the “triple-triple-double-double-double” growth framework. (34:39) Advice for founders who need help de-risking themselves. (37:43) “I don't know what the point of being in stealth is.” (40:47) What would Sri ask an early-stage CEO if he were interviewing for a job? Links Sri Chandrasekar Point72 Ventures Subscribe to Fund/Build/Scale
Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) This may be one meeting where the Bank of England is thankful the decision has been made for them. Prime Minister Rishi Sunak's move three weeks ago to call an election has all but ruled out a rate cut when policymakers announce their decision at 12 p.m London time. (2) Rishi Sunak's Conservative Party is heading for an electoral wipeout in the UK general election on July 4, according to three major polls on Wednesday, including one that projected even the premier will lose his seat. (3) Amid a brutal hiring war, Steve Cohen's Point72, Ken Griffin's Citadel and other giant hedge funds are going in a radical new direction: Training schemes for in-house superstars. (4) The head of France's Medef business lobby criticized the campaign programs of both the far right and an alliance of leftist parties, saying they are a danger to the economy. (5) Citigroup said artificial intelligence is likely to displace more jobs across the banking industry than in any other sector as the technology is poised to upend consumer finance and makes workers more productive. (6) As in past disputes, China looks to be readying a series of actions to punish the European Union for its proposed tariffs on electric cars. See omnystudio.com/listener for privacy information.
Our Business Development team shares how to stand out during the hiring process, the qualities they look for in analysts, and how we help analysts become PMs.
Billionaire hedge funder and Point72 CEO and Chairman Steve Cohen discusses his $2.4B purchase of the New York Mets, his investment in golf via the PGA and Tomorrow Golf League, and his bet on sports business. Cohen shares his view on AI equities and on the Federal Reserve's goal of a 2% inflation rate. Plus, an update on the boardroom drama at Disney. Steven Cohen - 10:52 In this episode:Steven Cohen, @StevenACohen2Joe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer: @Kramer_Katie
Liquid - Crypto Investing | Startup Pitch | Token Investing and Crowdfunding.
Wes Tang-Wymer is co-founder of Room40, a crossover investment firm focused on crypto. Room40's platform consists of a multi-strategy hedge fund and early-stage venture funds. Prior to Room40, Wes was a founding team member of SoftBank Group International and SoftBank Vision Fund, where he oversaw investments and held board roles across a range of growth stage companies in the fintech, transportation, and logistics sectors. Before SoftBank, he was an equities investment analyst at Point72. Wes began his career at Morgan Stanley in the investment banking department. ----- This episode is brought to you by: Global Coin Research ("GCR") is a community-first research and investment DAO. GCR's mission is to create a community-driven investment DAO where the best Web3 deals are sourced by community members for community members. This discussion was recorded in our Discord. You can find more information about us and how to join at GlobalCoinResearch.com ----- Remember to rate, review and subscribe to the Podcast!
Welcome back, everyone. This is Brian from quantlabs.net. In today's podcast, we're diving deep into the world of hedge fund internships, particularly the ones offered by Steve Cohen's Hedge Fund, Point72. These aren't your average internships. According to an article from efinancialcareers.com, the Quibus Systematic Strategies team at Point72 is paying Quant interns a whopping $25,000 per month. Join our Discord for quant trading and programming news https://discord.gg/k29hRUXdk2 Get our free trading tech books here books2 – QUANTLABS.NET This might sound out of the ordinary, but from my experience working with the Canada Pension Plan Investment Board (CPBIB), I can confirm that top-tier organizations are willing to pay top dollar for talented interns. CPBIB, regarded as a prestigious firm in Canada, was known to pay University of Waterloo interns quite generously. High-Paying Opportunities In Trading - QUANTLABS.NET But coming back to Point72, it's not just about the money. Their internships are also tremendous opportunities for career advancement and learning cutting-edge technologies. The K-E-P-L team specializing in trading medium-frequency statistical arbitrage strategies is particularly interesting, promising lucrative careers meriting competitive pay. In 2020, their Quantitative Research Internship exclusively for PhD candidates offered a base salary between $250,000 and $300,000. This is just the base pay, not including bonuses which can catapult some interns into the million-dollar earning bracket. The bar had been set high last year when a quant teacher was offered a $300,000 case. If you're vying for a top spot in these hedge fund internships, understanding Python, C, or C++, among other languages, is essential. These opportunities aren't just limited to PhD candidates. Undergrad student positions are also available, promising a minimum salary of $240,000. Interested in such quant internships or want to share your thoughts? Visit my substack to engage in insightful discussions or check out the quantlabs.net/books to get your hands on some useful trading tech books. Thanks for tuning in!
Point72 Academy Director Jaimi Goodfriend asks three Academy graduates about how the Academy prepared them to be investment analysts and what the culture is like in our London, Hong Kong, and Tokyo offices.
Miguel Armaza sits down with Michael Blaugrund, CEO of DriveWealth, a fintech platform and broker-dealer enabling investing products for businesses and consumers worldwide.Founded in 2012, DriveWealth works with over 100 corporations in almost all continents, including Revolut, BTG Pactual, GBM Mexico, MoneyLion and many more. They have raised over $550 million from Accel, Point72, Insight, Greyhound, and many more.Prior to DriveWealth, Michael held leadership roles at Nasdaq and NYSE, most recently serving as COO of the NYSE.We discuss:The evolving needs and expectations of modern retail investorsCrisis as a catalyst for evolution. Three critical events that shaped the capital markets technology industry over the last 15 years, including the Flash-CrashWhy digital assets will not flourish in the institutional world without clear regulatory frameworksMichael has been in the CEO role for less than a year. What does it take to succeed as CEO?… and a lot more!Want more podcast episodes? Join me and follow Fintech Leaders today on Apple, Spotify, or your favorite podcast app for weekly conversations with today's global leaders that will dominate the 21st century in fintech, business, and beyond.Do you prefer a written summary? Check out the Fintech Leaders newsletter and join 60,000+ readers and listeners worldwide!Miguel Armaza is Co-Founder and General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.Miguel on LinkedIn: https://bit.ly/3nKha4ZMiguel on Twitter: https://bit.ly/2Jb5oBcFintech Leaders Newsletter: bit.ly/3jWIp
New Goldman Sachs report continues to say bet on America. Baupost, Point72, Berkshire and more are making an arbitrage bet on Liberty SiriusXM. TikTok investors continues down the nonsense train, and we love it. Chamath shuts down plans to raise a VC fund. Skippy and Doogles cover each of their recent top book recommendations.Join the Skippy and Doogles fan club. You can also get more details about the show at skippydoogles.com, show notes on our Substack, and send comments or questions to skippydoogles@gmail.com.
Matthew King is an Entrepreneurial Investor passionate about venture investing & building, deeptech, sustainability, mental health, wellness, automotive, luxury goods, and hospitality.Currently Co-Founder & Managing Partner at Valhalla Ventures, a venture capital firm backing visionary founders at the forefront of social and technological breakthroughs.Inveterate connector of extraordinary human beings who frequently colors outside the lines and thrives on helping founders accomplish legendary outcomes while helping investors produce stellar returns & impact.Valhalla Ventures backs visionaries building enduring moats.Today, the most enduring moats exist in physical technology (think industrials, space, chips, biology, defense, energy, etc) and media IP (think games).Valhalla manages $200M+ in assets with $150M in committed capital across all vehicles to date. Our primary focus currently is deploying $35M in dry powder in Seed and Series A financings (and in between), investing $1M to $3M per company with a 5% minimum ownership target. Valhalla's Limited Partner community includes:1) C-suites/Managing Partners (current and former) of: Goldman Sachs, JP Morgan Chase, Bank of America, Citadel, Bridgewater Associates, Oaktree Capital, Apollo Global, Point72, PayPal, Alibaba, Hillhouse Capital, NBC Universal, General Motors, Swiss Re, Discover, PizzaHut, DoorDash, DocuSign, Sandoz, Gusto, Guinness, Bitmain, Thomson Reuters, Yahoo, Zynga, the Dallas Cowboys, BlockTower Capital, and TopGolf; and2) Board Members (current and former) of: BlackRock, Goldman Sachs, MasterCard, MIO Partners, Fortress, BNY Mellon, RBC, Altria, ARM Semiconductor, SoFi, Warburg Pincus, Kraft, SABMiller, Cognizant, Western Union, Raine Group, Harvard Business School, Harvard Law School, Harvard Medical School, Harvard University, Stanford's Graduate School of Business, Wharton, and Johns Hopkins University.Outside of work what energizes me is travel (40+ countries visited or lived in), electronic music, nature, and Burning Man (12x). --- Support this podcast: https://podcasters.spotify.com/pod/show/geeksofthevalley/support
Scott J. Alberi is a founder of Fc Centripetal and has been an institutional technology investor since 1999. As a professional institutional investor for over 20 years, Scott has researched, analyzed, advised, and invested in hundreds of public enterprise technology companies. His career began at Eminence Capital in 1999, where he spent 19 years focusing on Enterprise Technology, Media, and Internet companies. He later joined Point72 as a Technology, Media, and Telecom Portfolio Manager before founding Fc Centripetal in 2022, an enterprise technology program that aims to de-risk and accelerate innovative solutions for enterprise IT architecture and security.
In der Nachmittagsfolge sprechen wir heute mit Michael Putz, CEO und Co-Founder von Blackshark.ai, über die erfolgreich abgeschlossene Erweiterung der Series-A-Finanzierungsrunde in Höhe von 15 Millionen US-Dollar.Blackshark.ai ist ein KI-Unternehmen für Geoinformationsdienste, das Petabytes an Satellitenbildern in wenigen Stunden verarbeitet und Objekte, Straßen, Vegetation und andere Infrastrukturen auf der Oberfläche des Planeten erkennt sowie segmentiert. Diese semantischen Informationen werden verwendet, um eine umfassende digitale 3D-Darstellung der Welt zu erstellen. So hat das Startup beispielsweise einen digitalen 3D-Zwilling der Erde für Microsofts Flugsimulator erstellt. Blackshark.ai bedient neben den kommerziellen Unternehmen auch staatliche Kunden mit dynamischen 3D-Kartierungen, die mit hoher Frequenz und geospatialer Intelligenz erstellt werden und die Kunden somit in die Lage versetzt, mit wertvollen Einblicken fundierte sowie strategische Entscheidungen zu treffen. Insgesamt kann ein breites Spektrum globaler Herausforderungen mit den Lösungen des Startups bewältigt werden. Darunter zählen Sicherheit, Umweltschutz, Stadtplanung, Überwachung kritischer Infrastrukturen, Katastrophenschutz und humanitäre Hilfe. Herkömmliche 3D-Kartierungen basieren auf Photogrammetrie, die langsamer und kostspieliger ist, da sie u.a. eine große Menge an Bildmaterial erfordert. Das Startup hat zudem eine Plattform entwickelt, die riesige Mengen an Rohdaten aus Satelliten- und Luftbildern nahtlos in semantisch beschriftete, raumbezogene digitale Zwillinge umwandelt. Diese Software ermöglicht nicht nur eine schnelle und genaue Objekterkennung und -klassifizierung im großen Maßstab, ohne dass umfangreiche, kostspielige und zeitaufwändige Trainingsdaten benötigt werden, sondern auch eine umfassende Analyse von Landnutzung und Landbedeckung. Blackshark.ai wurde im Jahr 2020 von Brad Young, Michael Putz und Thomas Richter in Graz gegründet.Nun hat das österreichische Startup in einer Erweiterung der Series A weitere 15 Millionen US-Dollar eingesammelt, wodurch die Gesamtinvestition in der Series-A-Runde auf 35 Millionen US-Dollar steigt. Zu den bestehenden Investoren Point72 Ventures, M12 Microsoft's Venture Fund und Maxar gesellen sich In-Q-Tel, Safran, der von ISAI verwaltete VC-Fonds von Capgemini namens ISAI Cap Venture, Einstein Industries Ventures, Interwoven Ventures, Ourcrowd, Gaingels und OpAmp Capital. Mit dem frischen Kapital möchte Blackshark.ai seine 3D-Hochfrequenzkartierung und Geospatial Intelligence-Fähigkeiten erweitern und es zudem für strategische Technologieentwicklungen und zur Verstärkung der Vertriebs- und Marketingaktivitäten einsetzen.
Welcome to Count Me In! Join your host Adam Larson as he dives into insightful conversations with industry experts. In this episode, Adam is joined by Andrew Jamison, CEO & Co-Founder of Extend, a Point72-backed fintech platform that enables virtual card and spend management capabilities for small businesses. They discuss how small to medium-sized businesses can leverage fintech solutions to reshape their financial landscape. Get ready to gain valuable insights and practical advice from Andrew as he shares his expertise in the field. Don't miss out on this engaging discussion that is sure to empower SMBs in embracing the latest technologies. Tune in for this informative episode!
Daniel Gwak is the Managing Partner of Point72 Private Investments, the institutional private investing business of Point72 Asset Management. He oversees Point72 Ventures' Defense Tech and Growth investment teams.
Three Academy Associates—Martin, Cherry, and Victor— join Brian Mulvihill, Academy coach, to share their interviewing tips, why they chose a career in investing, and the habits they've incorporated into their routines to set themselves up for career success.
This week on the Value Perspective, we're delighted to be joined by Joe Peta. Joe is the author of Moneyball for the Money Set, which explains how techniques gleaned from sport analytics can help to predict the returns of portfolio managers with startling accuracy. Before putting pen to paper, Joe started his career at Lehman Brothers before moving to Nomura. He then moved over to the buy side, working for Novus Partners, Kingsford Capital Management and Point72. To chat with Joe, Andy Evans from the Value Team is joined by Robert Donald, Chief Investment Officer of Schroder GAIA Helix. Robert's quant skills make him an ideal co-presenter for this episode. Robert, like Joe started on the sell side as an equity analyst before moving to GLG Partners where he ran a long-short strategy. He also worked for Soros Fund Management and Brummer and Partners before joining us as Schroders in 2017. In this episode we discuss: Joe's method for breaking down performance in a way that assesses skill, including hit rates, explosiveness, magnitude, scaling, and sizing; parallels with sports analytics and applicability for assessing skills for different types of investors; Goddard's Law; Managers' deficiency at sizing decisions; and finally, prediction tools and predicting power. Enjoy! NEW EPISODES: We release main series episodes every two weeks on Mondays. You can subscribe via Podbean or use this feed URL (https://tvpschroders.podbean.com/feed.xml) in Apple Podcasts, Spotify, Google Podcasts and other podcast players. GET IN TOUCH: send us a tweet: @TheValueTeam Important information. This podcast is for investment professionals only. This information is not an offer, solicitation or recommendation to buy or sell any financial instrument or to adopt any investment strategy. Any data has been sourced by us and is provided without any warranties of any kind. It should be independently verified before further publication or use. Third party data is owned or licenced by the data provider and may not be reproduced, extracted or used for any other purpose without the data provider's consent. Neither we, nor the data provider, will have any liability in connection with the third party data. Reliance should not be placed on any views or information in the material when taking individual investment and/or strategic decisions. Any references to securities, sectors, regions and/or countries are for illustrative purposes only. The views and opinions contained herein are those of individual to whom they are attributed, and may not necessarily represent views expressed or reflected in other communications, strategies or funds. The value of investments and the income from them may go down as well as up and investors may not get back the amounts originally invested. Exchange rate changes may cause the value of any overseas investments to rise or fall. Past Performance is not a guide to future performance and may not be repeated. The forecasts included should not be relied upon, are not guaranteed and are provided only as at the date of issue. Our forecasts are based on our own assumptions which may change.
How I Raised It - The podcast where we interview startup founders who raised capital.
Produced by Foundersuite (www.foundersuite.com), "How I Raised It" goes behind the scenes with startup founders and investors who have raised capital. This episode is with Billy Thalheimer of Regent, a startup making the Seaglider, a cross between a boat and a plane that uses "wing in ground effect" physics to enable efficient, all-electric coastal travel. Learn more at https://www.regentcraft.com/ In this episode we talk about the technology and physics behind the product, raising strategic capital, pitching Mark Cuban and Founders Fund and much more. Regent has raised $90 million in total. The Company's most recent round was a $60 million Series A co-led by 8090 Industries and Founders Fund. Point72, Caffeinated Capital, Mark Cuban, UAE's Strategic Development Fund, Future Planet Capital and others participated, as well as strategic investments from Japan Airlines Innovation Fund, Yamato Holdings and Lockheed Martin. How I Raised It is produced by Foundersuite, makers of software to raise capital and manage investor relations. Foundersuite's customers have raised over $10 Billion since 2016. Create a free account at www.foundersuite.com.
My guest today is Will England, the CEO and Co-CIO of Walleye Capital. Walleye is a multi-strategy hedge fund headquartered in Minnesota that manages around $5 billion. Our conversation is a primer on multi-strategy hedge funds, which have become a force in markets through the success of firms like Millenium, Citadel, Point72, and Balyasny. We discuss the operational complexity behind the model, which managers best fit this type of investment style, and what happens in stress events like the Gamestop short squeeze in early 2021. We also talk about performance culture, the All Blacks, and Will's experience as a US National Team rower. Please enjoy my conversation with Will England. Listen to Founders Podcast Founders Episode 311: James Cameron For the full show notes, transcript, and links to mentioned content, check out the episode page here. ----- This episode is brought to you by Tegus, the modern research platform for leading investors. Stretch your research budget with flexible expert calls you can trust. At a fraction of the cost of traditional expert networks, Tegus customers pay only what an expert charges – with zero markups and no confusing call credits – netting an average 70% savings. Don't want to conduct a full hour call? Tegus offers the ability to schedule 30-minutes, an offer you won't find anywhere else. And they don't stop there. With white-glove custom sourcing for every project and robust compliance measures, including a dedicated 50+ analyst team that vets every call transcript, Tegus ensures your privacy and protection. As the industry innovator for qualitative insights, Tegus helps you find the right experts you need at a quality and speed that can't be matched. For a limited time, as a listener, you can trial Tegus for free by visiting tegus.co/patrick. ----- Invest Like the Best is a property of Colossus, LLC. For more episodes of Invest Like the Best, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @patrick_oshag | @JoinColossus Show Notes (00:03:22) - (First question) - His fascination with Robber Barons (00:04:49) - He explains the style of investing he has built at Walleye Capital (00:08:51) - The importance of scale and what it means for firms like this (00:13:01) - A breakdown of the component parts of a 15% return structure (00:16:56) - His advice to new portfolio managers trying to succeed with long/short investments (00:21:23) - His reaction to an efficient market hypothesis (00:27:33) - He tells us what happens above the individual manager level (00:29:42) - The universe of talented people behind the business (00:35:26) - The backstory of Walleye Capital and why he chose Minnesota (00:42:37) - He discusses the felt experience of being at Walleye versus other firms (00:47:25) - Whether he identifies more as an entrepreneur systems builder or as an investor (00:50:04) - What he says about the half life of successful quantitative strategies (00:54:03) - A breakdown of style allocations and the percentage of managers within each (00:56:30) - How he determines how much leverage to use and how to be great at applying it (00:59:59) - How the firm handles tough investment periods (01:02:34) - How he knew Citadel wasn't taking down gross during the GameStop short (01:03:51) - What he looks for when hiring a portfolio manager (01:06:37) - His philosophy on performance and how he blends that into his firms culture (01:09:21) - Inspiration he's taken from the All Blacks team (01:11:25) - Addition aspects of the firm he believes are important (01:13:46) - Historical finance pioneers that inspire him (01:16:07) - The kindest thing anyone has ever done for him
Today's guest is Dr. Gio Valiante, who is regarded as one of the most successful performance coaches in the world. He's currently the Head Performance Coach for the Buffalo Bills and works with some of the top golfers and top investors. He was previously the Head Performance Coach for Point72 and Steve Cohen. In today's episode, Dr. Gio starts by sharing the five ways to win on the field or in the market. Then he shares the parallels of top performers in both athletics and investing. He walks through ways to help handle failure, navigate fear, and detach yourself from your results. This is truly a masterclass on what peak performance looks like, so be sure to share this episode with a friend. And if you enjoy this episode, click this link for Dr. Gio's first appearance on the podcast. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by Farmland LP. Farmland LP is one of the largest investment funds in the US focused on converting chemical-based conventional farmland to organic, sustainably-managed farmland using a value-add commercial real estate strategy in the agriculture sector. Since 2009, they have built a 15,000-acre portfolio representing over $200M in AUM. To learn more about their latest offering, visit farmlandlp.com or email them at ir@farmlandlp.com. Today's episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world's largest institutions, funds, and money managers. Subscribe for free here. Follow The Idea Farm: Twitter | LinkedIn | Instagram | Tik Tok ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include Ed Thorp, Richard Thaler, Jeremy Grantham, Joel Greenblatt, Campbell Harvey, Ivy Zelman, Kathryn Kaminski, Jason Calacanis, Whitney Baker, Aswath Damodaran, Howard Marks, Tom Barton, and many more. ----- Meb's invested in some awesome startups that have passed along discounts to our listeners. Check them out here!
In the first of a series of conversations on the topic of the defense industrial base and capital, Ryan is joined by Dan Gwak of Point72 and James Parker of Leonid. If you're a policymaker, founder, technologist, in finance, or a defense acquisitions professional this is a must-listen episode.
In episode 4, Michael invites Sachin Kullkarni on to discuss alterative data and AI. Sachin is currently head of data science at a multi billion dollar credit hedge fund, and previously was at Point72 as a Sector Data Analyst (SDA) in health care. They discuss how alternative data is used in large hedge funds and how they see the space evolving with Generative AI and Large Language Models (LLMs). They also look back on the alternative data space and how it has evolved over the past 10 years. Michael and Sachin discuss some of his favorite tools and how they are used including Snowflake, Airflow, Jupyter and Materalize. Then they discuss how they see this landscape evolving over the course of the next couple years as LLMs start to disrupt the space. Hosted on Acast. See acast.com/privacy for more information.
This is Eric Golden and my guest today is Nikolai Yakovenko. Nikolai is the founder and CEO of DeepNFTValue, which uses machine learning to price blue chip crypto assets like CryptoPunks and Bored Apes. He has spent his career working on deep learning at some of the most notable firms in the world, including Google, Nvidia, Twitter, and Point72. Our conversation starts with AI's potential and Twitter's mishaps and then turns to Nikolai's investment experience and why he most recently decided to build a business that prices NFTs. Please enjoy my conversation with Nikolai Yakovenko. For the full show notes, transcript, and links to the best content to learn more, check out the episode page here. ----- This episode is brought to you by OKX. You may have seen OKX on McLaren's Formula 1 race car or Manchester City's football kit. But what is OKX? OKX has over 730 spot trading pairs, 280 derivatives markets, and 1000 options markets. It processes 400,000 requests per second with 99.95% uptime. That's why over 20 million traders and institutions choose OKX when they want to trade. Visit okx.com to learn more. ----- Web3 Breakdowns is a property of Colossus, LLC. For more episodes of Web3 Breakdowns, visit joincolossus.com/episodes. Stay up to date on all our podcasts by signing up to Colossus Weekly, our quick dive every Sunday highlighting the top business and investing concepts from our podcasts and the best of what we read that week. Sign up here. Follow us on Twitter: @Web3Breakdowns | @ericgoldenx | @patrick_oshag Show Notes [00:02:23] - [First question] - His impressions of recent innovations by ChatGPT [00:03:51] - A rundown of the technical breakthroughs that led to today's most cutting-edge AI [00:06:08] - The types of questions he asks to test and evaluate new AI like ChatGPT [00:08:13] - Questions or requests that would stump ChatGPT [00:09:02] - Intuitive human tasks that would deeply confuse chat-based AI [00:11:42] - Impressive R&D spend at OpenAI to optimize machine learning [00:13:27] - The prospect of ChatGPT as competition for major search engines in the future [00:15:27] - How his time at Google and Twitter informed his understanding of algorithms [00:17:20] - How social media algorithms work and how users reverse engineer them [00:22:44] - His take on the amount of people it takes to run tech companies like Twitter [00:26:39] - How protocols like Twitter Spaces factor into the modern tech ecosystem [00:28:23] - His transition from big tech to Wall Street and how the two career paths intersect [00:30:35] - How proximity to the investing side of the tech industry boosted his finance skills [00:32:16] - The degree to which AI tech shows promise for universal applications [00:34:01] - How his affinity for poker led him to crypto and NFTs [00:35:55] - What inspired his jump to creating an NFT-based startup [00:38:23] - The comparative value of powerful machine learning models versus the data itself [00:40:03] - How he thinks about different NFT value models and their tradeoffs [00:42:14] - The criteria that tend to make a given NFT more valuable than other similar ones [00:43:48] - How his model for NFTs valuations actually works [00:47:44] - Feedback he gets from users about his model [00:48:55] - High valuations associated with both minimalistic and cluttered NFT visuals [00:49:38] - The NFT liquidation auctions of FTX and Three Arrows [00:51:09] - The proportion of NFT profits from instant buying versus bidding [00:52:08] - How NFT traders make use of the model through the DeepNFTValue open API [00:53:59] - The future of their profitability given that their goal is widespread distribution [00:55:38] - The potential for lending and levering in future NFT markets [01:00:24] - What he's most excited to build over the next six months and six years
Today, I'm excited to talk with impact investor and investment industry veteran H. Perry Boyle. Perry's had a long and storied career in the financial world, but the first thing I wanted to know about was his hiring of Prometheus Founder and CEO Michael Wang as a Senior Analyst at the legendary hedge fund SAC Capital. Between 2004 and 2020, Perry held several positions at SAC and Point72. As SAC's Director of Research, Perry's job was to change the culture, which he did—in part—by creating a curriculum for analysts and making portfolio managers stakeholders in their future success. Steve Cohen's SAC Capital is the inspiration for the Showtime series “Billions." So I asked Perry to describe the evolution of the firm's culture and the impact of having a psychologist on staff to optimize traders' performance. A little later, Perry tells me the "secret” of running a long/short portfolio and lays out his thoughts on the increasing scarcity of alpha. Lastly, Perry talks about the journey that took him from Point72 to climbing his “second mountain” —becoming chairman of the BOMA Project, a poverty graduation program for women, youth, and displaced persons in East Africa.Links MentionedThe BOMA ProjectH. Perry Boyle | LinkedInFollow UsLearn about PrometheusSubscribe to Prometheus Decoded on Apple Podcasts or SpotifyInstagramTwitterFacebook
In this replay from last season, you'll hear host Jaimi Goodfriend talk to Jean Horenstein, a former analyst and PM who is now a senior faculty member for the Point72 Academy, about designing curriculum for analysts, the value of understanding a market narrative, and how diverse backgrounds supports creative thought and collaboration.You'll also hear Point72 portfolio manager Josh Klosk and Sterling Schwartz, a Point72 Academy graduate and analyst on his team, reflect on the rigor of the Academy program, how it prepared Sterling for a career as an investment analyst, and what attributes can set analysts apart—or undermine their success.
In this episode our host Jaimi Goodfriend sits down, one on one, with Steve Cohen—the founder of Point72—to talk about becoming an investment professional, connecting the dots, and continuous improvement.Then we'll dig into some details about our firm and take a look at the culture at Point72.Finally, we'll hear about Steve as a person and how his life and perspective impact our company.
In this episode, you'll hear directly from five members of our summer internship class. They'll help you get a sense of what we teach, what it's like to be an intern working on an investing team, what interns do in their free time, and how the summer internship shaped their plans for the future.
In this episode, Jaimi talks to an Academy recruiter about what she looks for on resumes, how candidates set themselves apart, and dos and don'ts in the interview process.You'll also hear from an Academy graduate and his PM about why they wanted to work together, and how Point72 creates career opportunities you'll only get in the Academy.
Episode 23 -We speak with Derek Distenfield Managing Director at Fundamental Global and FG Ventures Derek talks about what Fundamental Global looks for when investing in companies, more importantly the leaders of the company. He shares FG Ventures unique approach in supporting CEO's, founders, and Leaders in their journey to (IPO) Initial Public offering which is the strength of the FG Ventures team. About Fundamental Global:Fundamental Global is a closely held private partnership focused on long-term strategic holdings. It was co-founded in 2012 by Kyle Cerminara (former T. Rowe Price, Point72 and Tiger Cub portfolio manager), and Joe Moglia (former Chairman and CEO of TD Ameritrade).Fundamental Global uses our resources, network and capital to deliver results.FG Venture: Venture CapitalFG Ventures is the venture capital arm of Fundamental Global, a private partnership co-founded by former T. Rowe Price, Point72 and Tiger Cub portfolio manager Kyle Cerminara and former Chairman and CEO of TD Ameritrade, Joe Moglia.FG Ventures' team consists of seasoned founders, current corporate leaders, and serial venture investors, forming a collective that has launched, seeded, and invested in hundreds of startups to date. FG Ventures takes an approach that is stage and industry agnostic, backing bold entrepreneurs looking to deliver innovative, technological-based solutions to pressing challenges.By bringing to bear a network of experts and resources that can help portfolio companies grow through direct support and mentorship from experienced leaders, coupled with a conduit to additional sources of capital, FG Ventures offers founders a unique value proposition in growing their businesses to new heights. Learn More:https://fundamentalglobal.com/
Have you ever wondered about an investing career, but felt you didn't know enough about the industry, or where to start? In this episode, Jaimi Goodfriend, Director of Point72 Academy, talks to Harry Schwefel—co-Chief Investment Officer at Point72 and a former PM with decades of experience—about the basics of our business, building an investing career, and what keeps him excited about the job.You'll also hear from Point72 portfolio manager Ryan Wilder and investment analyst Badre Alkurdy on why you need to be okay with being wrong, opportunities to own your development, and how Point72 Academy prepares you for a career in equities investing.
Jean Horenstein, Point72 Academy senior faculty member, joins Jaimi to talk about the Academy curriculum, what the best analysts do to set themselves apart, and how Jean transitioned from the pre-med track with the goal of becoming a cardiothoracic surgeon to a career in investing. You'll also hear from Elbert Low and Alice Zhu, analysts and Point72 Academy graduates, on how the Academy prepared them for their roles today, their career progression, and their favorite parts of the job.
Join Jaimi Goodfriend—Point72 Academy Director—as she sits down with Mark Flannery, Point72's Head of U.S. Long/Short Equity Teams Supervision to learn about different types of businesses within finance, his career path from equity research to our hedge fund, and how his passion for music shaped his career. You'll also hear from Jon Thompson, Portfolio Manager, and Cory Bunce, Analyst, about starting their careers in investment banking, how Point72 Academy trains the next generation of investors, and how their careers have developed at our Firm.
The up-and-coming industry trend is building residential housing with unmatched quality and remarkable speed. Learn in this episode how Garret Moore uses technology to increase sales while overcoming hurdles and cost overruns associated with traditional housing construction.Key Takeaways to Listen forHow technology helps fill the gap of construction labor shortageThe process of prefabrication constructionSources of cost inefficiency in homebuildingRole of focusing on the Amazon model in overcoming the housing deficitWhy there is a need to adapt technology to the homebuilding industryResources Mentioned in This EpisodeElon MuskWarren BuffetAmazon Business ModelFree Apartment Syndication Due Diligence Checklist for Passive Investor About Garrett MooreGarrett Moore is the founder of Agorus, America's first scalable offsite customized construction solution. They build custom homes with unparalleled precision and unprecedented speed by leveraging advanced technology to achieve its mission of accelerating construction by 10x and are currently on target to build over 400 homes this year. By using software-driven robotics and eliminating many of the risks and inefficiencies associated with traditional homebuilding, Agorus is radically transforming the construction industry. Investors include Kennedy Wilson (KW), Point72, Blackhorn Ventures, and Signia Ventures. As an ex-Navy SEAL, Garrett took the lessons he learned in active duty to build a great company and revolutionize the way America is being built.Connect with GarrettWebsite: AgorusLinkedIn: Garrett MooreConnect With UsPlease visit our website: www.bonavestcapital.com and please click here, to leave a rating and review!SponsorsGrow Your Show, LLCThinking About Creating and Growing Your Own Podcast But Not Sure Where To Start?Visit GrowYourShow.com and Schedule a call with Adam A. Adams.
Josh Goltry is the Founder and Chief Investment Officer at JAG Capital.During this chat, Josh explains why investors should listen to earnings calls of companies they don't own to gain an edge. He also explains why investors shouldn't consider tech stocks growth stocks anymore.Ahead of Nancy Pelosi's purported trip to Taiwan, Josh shares his thoughts on how a destabilization of US-China relations could affect chip-maker TSM—a company he calls the most systemically important in the world. He also articulates the urgency and implications of bringing chip manufacturing to the US.Josh then talks about Nvidia—a company he describes as the connective tissue of the world's entire tech infrastructure. He delivers his thesis on the firm, remarking that there is no better-placed company in the world in the decades ahead.Josh talks about Tesla and how the companies with the largest AI training sets will be unassailable. He also explains why pitching Tesla at Point72 in 2019 cost him a position there.
Lisa Carmen Wang interviews Jessica Schaefer, Founder or Bevel PR, the leading finance PR firm, and Chief Communications Officer at Acorns, a savings & investment platform. Prior, she was Head of Comms at Point72, a $20B fund where she launched their VC fund Point72 ventures.They discuss:The importance of using their voices and calling out bullshit in male-dominated workplacesHow to take charge the room and set the agendaWhy you must always negotiate for equity in companiesThe importance of finding good mentorsWhy owning companies is the key to building wealthThe power of financial independenceJess's definition of being a Bad Bitch: “Being a Bad Bitch means standing up for other women. When you see something and you have a bit of power, make sure you say something.”
Today's guest is Gio Valiante, one of the most successful performance coaches in the world. He currently works with some of the top golfers on the PGA Tour and is the Head Performance Coach for the Buffalo Bills. He was previously the Head Performance Coach for Point72. In today's episode, we have a masterclass on peak performance to get you prepared for the Masters tomorrow! We kick it off by hearing how Jack Nicklaus played a major rule in leading him to work with people in high finance and professional sports. We talk about the need to balance mastery vs. ego orientation, how to handle fear and anxiety and still perform at your best, focusing on process over outcome, and how to balance confidence with overconfidence. Be sure to stick around until the end to hear the commonalities he sees between greats like Tiger Woods & Steve Cohen. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Sponsor: Today's episode is sponsored by The Active Share podcast. If you're seeking the less obvious and are curious about the ever-changing world and how it affects investing, The Active Share podcast is for you. Hear thought-provoking conversations with thought leaders, company executives, and William Blair Investment Management's own analysts and portfolio managers as they share unique perspectives on investing in a world that's always evolving. Listen to The Active Share on Apple Podcasts, Google Podcasts, Stitcher, Spotify or TuneIn or visit here.
In this Fintech Leaders edition, I sit down with the great Greg Krasnov, Founder & CEO at Tonik, the first and largest neobank in the Philippines, which officially started operating in 2021 and has since reached almost $150M in consumer deposits and is backed by Mizuho, Sequoia, Point72, Insignia, and many more.It's worth mentioning Greg is a Ukrainian serial entrepreneur and about a decade ago he built Platinum bank in Ukraine and sold it once it became the third-largest consumer bank in the nation.We recorded this episode on Tuesday, Feb 22, 2022 – roughly 24 hours before Russia invaded Ukraine. Today Ukraine is under attack and during these horrific and difficult times for Greg's country, my heart goes out to him, Tonik's Ukrainian team, and their families. They are a resilient nation with incredibly talented people, and Greg and Tonik represent these values.If you are looking for ways to provide any type of support to the Ukrainian people, I've included a couple of vetted links below. 1. Ukraine: Relief for Children & Vulnerable in Kyiv - https://bit.ly/3MaNlql2. Donate to the Ukrainian Red Cross - https://bit.ly/3tbey3i3. Real ways you can help Ukraine as a foreigner - https://bit.ly/3HuOCF2---In this episode, we discuss:What Greg learned in over two decades of building banks and fintech businessesTonik's approach to credit risk and how they are using their customer's digital footprint and predictive analytics to expand access to the financial systemStaying innovative in a remote environment and how companies can balance internal cooperation and conflict to stay innovativeWhy it's crucial for fintech founders to pick the right investors who actually understand their industry… and a lot more!Want more podcast episodes? Join me and follow Fintech Leaders today on Apple, Spotify, or your favorite podcast app for weekly conversations with today's global leaders that will dominate the 21st century in fintech, business, and beyond.Do you prefer a written summary, instead? Check out the Fintech Leaders newsletter and join 31,000+ readers around the world!Miguel Armaza is Co-Founder & Managing General Partner of Gilgamesh Ventures, a seed-stage investment fund focused on fintech in the Americas. He also hosts and writes the Fintech Leaders podcast and newsletter.Miguel on LinkedIn: https://bit.ly/3nKha4ZMiguel on Twitter: https://bit.ly/2Jb5oBcFintech Leaders Newsletter: bit.ly/3jWIpqp
“Before I go into any week, I really study with my executive assistant: what does my calendar look like? Do I need to be in those meetings? How do I build in time for myself and for my family and for my friends and just make sure that I'm balanced and I'm not 95% turned on work mode?” – Jessica Schaefer Jessica Schaefer (@JFran_PR) is Founder of Bevel, a strategic communications firm with a portfolio in fintech and venture capital. After serving as Assistant Vice President and Head of Marketing Communications at Moody's Analytics, Jessica went on to lead media relations for Point72, a family office managing the assets of Steven A. Cohen. She currently manages Bevel while serving as Chief Communications Officer for Acorns. Show notes with links, quotes, and a transcript of the episode: https://www.danielscrivner.com/notes/bevel-jessica-schaefer-20mp-show-notes Chapters Jessica's work at Bevel Talent and culture On charisma and setting boundaries Optimizing time Exercise and sleep On failure, success, and gratitude Sign up here for Outlier Debrief, our weekly newsletter that highlights the latest episode, expands on important business and investing concepts, and contains the best of what we read each week. Follow Outlier Academy on Twitter: https://twitter.com/outlieracademy. If you loved this episode, please share a quick review on Apple Podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices
“There is nothing worse than having somebody else tell your own story for you.” – Jessica Schaefer Jessica Schaefer (@JFran_PR) is Founder of Bevel, a strategic communications firm with a portfolio in fintech and venture capital. After serving as Assistant Vice President and Head of Marketing Communications at Moody's Analytics, Jessica went on to lead media relations for Point72, a family office managing the assets of Steven A. Cohen. She currently manages Bevel while serving as Chief Communications Officer for Acorns. Show notes with links, quotes, and a transcript of the episode: https://www.danielscrivner.com/notes/crafting-business-narrative-bevel-jessica-schaefer-ig-show-notes Chapters PR vs. strategic communication Working with Steven Cohen and with Acorns Working with companies from seed to IPO Building executive profiles How Bevel is changing the game Crafting a narrative for a company Controversy can be good Recognizing media opportunities and crisis management Why PR is a smart investment Sign up here for Outlier Debrief, our weekly newsletter that highlights the latest episode, expands on important business and investing concepts, and contains the best of what we read each week. Follow Outlier Academy on Twitter: https://twitter.com/outlieracademy. If you loved this episode, please share a quick review on Apple Podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices
On this episode of The Scoop, Adam Carson, Operating Partner & Crypto Investment Lead at Point72 Ventures, joined host Frank Chaparro for the company's first public interview to discuss its investment strategy as well as Carson's perspectives on the convergence of fintech, Web3 and the metaverse. Point72 Ventures, an offshoot of billionaire investor Steven Cohen's Point72 Asset Management Group, was launched in 2016 to initially focus on fintech investing but is increasingly ramping up its focus on the crypto space. In the interview, Carson said that the firm could invest in 5-10 crypto firms next year and might even make some token investments. "I hope that we will sort of evolve into doing more token investing," Carson said. On-ramp investments For now, the firm is looking to invest in infrastructure "picks and shovels" companies that will help onboard incumbent institutions who can then in turn create on-ramps for future consumers to enter the crypto space, according to Carson. To date, Point72 Ventures has only publicly announced four crypto company investments: Messari, Zero Hash, 24 Exchange, and Massive. However, Carson announced on The Scoop that Point72 Ventures is soon to publicize its investment into a fifth company, which he mentioned was an established DeFi operation. When tokens? It's not clear exactly when Point72 will begin making token venture bets, but Carson said that the firm will have to rethink its existing investing approach to make such a move. "It's a different world and it's totally new and it's also exciting," he said, noting that such deals can close in a matter of days versus months, which is more typical in equity deals. "There's different operational and technology needs," he said. "You need to be able to custody these coins. You need to be able to move these coins." Episode 78 of Season 3 of The Scoop was recorded remotely with The Block's Frank Chaparro and Adam Carson, Operating Partner & Crypto Investment Lead at Point72 Ventures. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podcasts, Stitcher or wherever you listen to podcasts. Email feedback and revision requests to podcast@theblockcrypto.com. This episode is brought to you by our sponsors Bakkt, Kraken and Kava Bakkt® unlocks the $1.2+ trillion of digital assets that is currently held in cryptocurrencies, rewards and loyalty points, gaming assets and merchant stored value. We began in 2018 with the vision to bring trust and transparency to digital assets. Through the Bakkt Warehouse and Bakkt Bitcoin Futures and Options contracts, we serve institutional clients in an end-to-end regulated market with true price transparency. For consumers, Bakkt aggregates digital assets to enable instant liquidity and to empower users to trade, transfer and pay however they want. Visit Bakkt.com for more information About Kraken Whether you're an experienced crypto trader or just starting out, Kraken has the tools to help you achieve financial freedom. With 50+ cryptocurrencies to choose from, industry-leading security and a wide variety of features to suit any investing strategy, Kraken puts the power in your hands to buy, sell and trade digital assets. Visit Kraken.com to get started today. About Kava For over four years, Kava Labs has contributed to building a portfolio of decentralized products and services that allow users to gain access to all of the benefits of DeFi. Kava connects the world's largest cryptocurrencies, ecosystems, and financial applications on one of DeFi's most trusted, scalable, and secure earning platforms. Kava lets you mint stablecoins, lend, borrow, earn and swap safely and efficiently across the world's biggest crypto assets with a simple and intuitive user experience and the full confidence of institutional-grade security and quality. With a proven track record of delivering successful projects safely, the Kava Platform is DeFi's most trusted, scalable, and secure institutional-grade cross-chain engine.
Edward Woodford, CEO, and Co-Founder of Zero Hash (VC backed, including Bain Capital Ventures, Point72, NYCA & tastytrade), discussed his serial entrepreneur journey leading to his current venture that enables launching and distributing digital assets easily with Rudolf Falat, founder of the Voice of FinTech podcast.Here are some of the insights that Edward shared: Edward's serial entrepreneurial journey and lessons learned Why Edward is a believer in digital assets promise Zero Hash solution: distribution platform for digital assets globally Which types of digital assets Zero Hash supports Zero Hash and regulatory framework Edward's view on traditional financial services firms' embracement of digital assets Advantages of companies moving from Finance 1.0 to Finance 2.0 His thoughts on the DeFi overlay Best way to reach out
Tony Paquette is the Chief Financial Officer at Point72, a leading hedge fund with over $22bn in assets under management. Prior to joining the firm in 2020, Tony was at SoFi, a publicly traded FinTech company in Silicon Valley, as a Business Unit Leader overseeing International, New Business, Treasury, Regulatory Operations, and the firm's application for their bank charter - to name a few. Before SoFi, Tony was at J.P. Morgan, where he was a Managing Director and the Global Head of Funding & Liability Management. Further, he held portfolio management roles in the Chief Investment Office at J.P. Morgan, and in Treasury & Corporate Investments at Bank of America - all after beginning his career as a research analyst covering the Technology sector at Goldman Sachs. Tony and Ross worked together at SoFi and have since become close friends. In addition, Tony is on the Advisory Board at SOF. Tony holds a bachelor's degree in Business Economics and Organizational Behavior and Management from Brown University. In addition, Tony was on the varsity football team at Brown. In today's episode, Ross and Tony kick off the conversation with a discussion of mentorship and cultivating rewarding mentor/mentee relationships. Further, Tony discusses the intersection of sports and leadership as well as some of his principles on being an effective leader. Finally, they shift the conversation to discuss Tony's involvement in SOF.
In episode 360, we welcome our guest, Erin Browne, portfolio manager for PIMCO, focusing on asset allocation strategies. She was also named as one of Barron's 100 most influential women in U.S. finance last year. In today's episode, we're talking all things macro with someone who spent time as a Strategist at Moore Capital, PM at Point72, and most recently Head of Asset Allocation for UBS Asset Management, all of which helped Erin develop a framework for looking at the market through both a quantitative and discretionary approach. Erin applies that lens to the world today and shares what she sees, notably the risk of a continued rise in energy prices. She walks us through how that may impact different asset classes and commodity prices. Next, we look at global equity markets and hear how the U.S. market compares to Europe, China, and emerging markets. As we wind down, we touch on bonds, interest rates, crypto, and much, much more. Please enjoy this episode with PIMCO's Erin Browne. ----- Follow Meb on Twitter, LinkedIn and YouTube For detailed show notes, click here To learn more about our funds and follow us, subscribe to our mailing list or visit us at cambriainvestments.com ----- Today's episode is sponsored by The Idea Farm. The Idea Farm gives you access to over $100,000 worth of investing research, the kind usually read by only the world's largest institutions, funds, and money managers. Join today and get access to quarterly CAPE ratios, an excel quant backtester and the entire research library.
Anirudh Singh sits down with Sarah Hammer and Sameer Gupta to discuss launching the Cypher Accelerator. Topics include: - Sameer's work at Point72 - Why Sarah is well-positioned to lead Cypher - Cypher's incredible board of advisors - What excites the two most about Crypto / Blockchain And much more! Sarah Hammer: Sarah Hammer is Managing Director of the Stevens Center for Innovation in Finance and Senior Director of the Harris Alternative Investments Program at the Wharton School of the University of Pennsylvania. In these roles, she focuses her efforts on private capital investments and financial technology. Sarah is also Adjunct Professor of Law at the University of Pennsylvania Law School, teaching an upper-level juris doctor course on financial regulation. Previously, Sarah was Acting Deputy Assistant Secretary for Financial Institutions and Director of the Office of Financial Institutions Policy at the United States Department of the Treasury. In this role, she led and directed the Department's policy responsibilities involving financial institutions, as well as oversaw the Federal Insurance Office and the Office of Critical Infrastructure Protection and Compliance Policy (cybersecurity). Sarah earned a J.D. from the University of Pennsylvania Law School, an M.B.A. from the Wharton School of the University of Pennsylvania, and a Master of Studies from Oxford University. She is a Harry S. Truman Scholar and a Member of the American Law Institute. Sameer Gupta: Sameer Gupta is the Head of Data Solutions at Point72 and for the New York Mets. He is responsible for creating end-to-end solutions in data and analytics for all Point72 businesses as well as the Mets. Before joining Point72, Gupta was the chief operating officer at iSentium, an artificial intelligence startup where he led key business functions including sales, business development, fundraising, engineering, and operations. Before iSentium, he was the COO for the Global Electronic Trading and Americas Cash Equities business at JPMorgan. Gupta also served in business development and product management roles at New York Stock Exchange Technologies, and in software development and technology strategy positions at Goldman Sachs. He is also actively involved in the New York City startup community through TechStars and New York University's Endless Frontier Labs. Sameer earned his MBA from Harvard Business School, M.S. in Information Systems Management from Carnegie Mellon, and B.S. in Computer Science from the National Institute of Technology in India.
The hedge fund comeback with Steve Cohen the Founder of Point72. Ilana Weinstein the Founder & Chief Executive Officer of The IDW Group. Dmitry Balyasny the Managing Partner & Chief Investment Officer of Balyasny Asset Management. Mike Rockefeller the Co-Chief Investment Officer of Woodline Partners.Moderated by Barry Ritholtz the Founder & Chief Investment Officer of Ritholtz Wealth Management.——————————————————————Watch this video on YouTube: https://www.youtube.com/c/SALTTube/videosFor podcast transcripts and show notes, visit https://www.salt.org/SALT New York is a global thought leadership and networking forum at the intersection of finance, technology and public policy. Over the course of three days, leading investors, creators and thinkers will take the stage in support of SALT's mission: empowering big ideas.#SALTNY
1st Week of August 2021 ------
Jessica Schaefer's passion is working with founders that want to solve really big problems; founders that want to bring access in the tech and investment world to more people. Honing her skills with Point72, Jessica started her own firm, Bevel PR, where she applies a pragmatic approach to public relations, really good narratives; “Don't go to the media with every story”.
On today's episode, Donny sits down with the founder of Point72 and Point72 Ventures, owner of the New York Mets, and his longtime friend, Steve Cohen. Steve and Donny dive into how Steve went from being one of the most successful hedge fund managers to owning the beloved major league team, why he is always learning something new, and how the fans are truly the backbone of the Mets. The two also explore Steve's brand of ultimate success, why he does it for the people, and how he shows his children to stay hungry by demonstrating it for himself. But first, Donny brings us up to speed with his picks for the biggest Brands of the Week including Jill Biden, James Franco, The Sopranos, the WNBA, and Walmart, among others. THANK YOU TO OUR SPONSORS: Indeed - Indeed.com/ONBRAND for a $75 credit Netsuite - NetSuite.com/DONNY to schedule your FREE Product Tour Policy Genius - Policygenius.com/DONNY to get started right now Audible - Audible.com/donny or text “donny” to 500-500 to start your FREE trial Don't forget to rate, review, follow, and subscribe wherever you get your podcasts! Follow Donny and Steve: @StevenACohen2 @donnyjdeutsch See omnystudio.com/listener for privacy information.
In this episode of “The Breakdown,” NLW discusses a fresh wave of investors and their potential disruptions to markets, including: Two new major hedge funds, Point72 and Soros Fund Inevitable short-term investors as part of market maturation Troublesome possibility of regulation forming around institutional trading habits In early 2020, institutional investors flowed into the crypto space nonstop, including hedge funds, corporate treasuries and insurance companies. This new type of investor changed the space, with surging and plunging prices following news of investors coming and going. Then the flood stopped as the always-controversial Elon Musk's Tesla balked at bitcoin's energy consumption and walked back accepting the top cryptocurrency in exchange for the company's trendy vehicles. In the last quarter, institutional investors have been stepping back into crypto. Point72, Steve Cohen's company, stated it would be “remiss to ignore a now $2 trillion cryptocurrency market” and is looking to hire a “Head of Cryptocurrencies.” Besides Point72, internal management at George Soros' Soros Fund has given the “greenlight to actively trade bitcoin.” Are these two hedge funds just the tip of the iceberg for a resurgence in institutional investment? How will this new mass of money impact markets and regulation? -- Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW The Breakdown is sponsored by NYDIG and produced and distributed by CoinDesk.com
A fresh wave of institutional investors poses new risks to crypto. This episode is sponsored by NYDIG.In this episode of “The Breakdown,” NLW discusses a fresh wave of investors and their potential disruptions to markets, including:Two new major hedge funds, Point72 and Soros FundInevitable short-term investors as part of market maturationTroublesome possibility of regulation forming around institutional trading habitsIn early 2020, institutional investors flowed into the crypto space nonstop, including hedge funds, corporate treasuries and insurance companies. This new type of investor changed the space, with surging and plunging prices following news of investors coming and going. Then the flood stopped as the always-controversial Elon Musk's Tesla balked at bitcoin's energy consumption and walked back accepting the top cryptocurrency in exchange for the company's trendy vehicles. In the last quarter, institutional investors have been stepping back into crypto. Point72, Steve Cohen's company, stated it would be “remiss to ignore a now $2 trillion cryptocurrency market” and is looking to hire a “Head of Cryptocurrencies.” Besides Point72, internal management at George Soros' Soros Fund has given the “greenlight to actively trade bitcoin.”Are these two hedge funds just the tip of the iceberg for a resurgence in institutional investment? How will this new mass of money impact markets and regulation?-NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.-Image credit: Sean Gallup/Getty Images Europe, modified by CoinDesk
Soros Fund Management, the private investment firm of billionaire George Soros, is reportedly trading Bitcoin (BTC) as part of a broader exploration of digital assets, according to financial news website TheStreet. NYDIG takes out a full page Ad in the Wall Street Journal and tweets "In the coming months, financial institutions and millions of consumers will gain access to the powerful Bitcoin network. We're proud to come together with these innovative companies to help make Bitcoin accessible to all."A new deal between payments giant NCR and NYDIG will bring Bitcoin purchases to 650 U.S. banks and credit unions. NCR offers ATMs and kiosks in 160 countries.Point72, a $22 billion hedge fund led by billionaire Steve Cohen, is looking to hire a lead for its Bitcoin investment arm.U.S. Senator and Bitcoin proponent, Cynthia Lummis, would like to see U.S. residents turn to Bitcoin as part of a diversified strategy for their retirement plans.
In this episode, we learn how Gerard left college early to go pursue a professional hockey career in Europe. Find out how he broke into Columbia almost 5 years later, why he was so behind for finance recruiting and how he got his first break at Citi in equity research, only to jump 5 months later to Point72 as a research analyst. Listen to hear why he made the jump to a startup called Hivecell and what they are up to now.
In this episode I speak to Michael Recce. Michael has had a varied career in the alternative data space, with a background in artificial intelligence academia and advertising technology before moving into the hedge fund space with Point72. Michael has created data science teams for a hedge fund, Singapore's sovereign wealth fund, and the traditional asset manager Neuberger Berman, giving him a unique insight into the challenges involved, as well as a multi-perspective view of the alternative data scene.Separately, I have written a blog post about "The Past, Present and Future of Alternative Data", which can be found in the episode links. Hosted on Acast. See acast.com/privacy for more information.
Vasco Pedro, CEO of Unbabel, joins SlatorPod to discuss the company's growth journey — from identifying the initial use case to raising USD 60m in Series C funding in 2019, and beyond.Vasco outlines Unbabel's translation pipeline and underlying technology. He describes the importance of the human-in-the-loop model and the ability humans have to impact the output of machine learning (ML) models.The CEO talks about the challenges of ‘going remote' overnight in response to Covid. Vasco says culture plays an important role in attracting top talent globally in the highly-competitive AI / ML space.Vasco also shares his experience with investors, such as Point72's Sri Chandrasekar, lead investor in Unbabel's Series C, who provide actionable insights on how to further scale the business.First up, Florian and Esther discuss the launch of the flagship Slator 2021 Language Industry Market Report. The duo share highlights from the 80-page, newly-released Market Report, which features a wealth of insights and data.They also tackle over a week's worth of M&A, as Florian unpacks Big Language Solutions' acquisition of US-based interpreting provider Language Link, and discusses the backstory to Big CEO Jeff Brink's “tenacity, honesty, and desire” in closing the deal.Esther talks about translation and interpreting provider Propio Language Services's acquisition of Vocalink — also in the US — while in Germany, she highlights GEtraNet's acquisition of Lingua-World. Florian closes by reviewing AI transcription agency Verbit's acquisition of captioning provider VITAC.
暗号資産(仮想通貨)・ブロックチェーンに特化した幻冬舎のメディア「あたらしい経済 https://www.neweconomy.jp/ 」がおくる、ラジオ番組です。毎日最新ニュース解説とコラムをお届けします。 ・ステーブルコインUSDT発行元のテザー、準備金の内訳を明らかに ・NFTゲーム開発でユニコーン企業に、アニモカ・ブランズが約97億円の資金調達 ・米司法省と内国歳入庁、暗号資産取引所バイナンスを調査と報道 ・著名投資家スティーブ・コーエンのファンド「Point72」、暗号資産に巨額の投資か ・マイクロストラテジー、16.4億円相当のビットコインを追加購入 ・チリーズのSocios. com、サッカーアルゼンチン代表、米モータースポーツチーム、インドクリケット3チームとの提携を立て続けに発表 ・インド中銀、非公式に暗号資産関連会社との関係を断つよう金融機関へ指示か ・サムスンのGalaxyスマホ、他社暗号資産ハードウェアウォレットもサポート ・マイクロソフト、「AzureBlockchainService」の提供終了を発表 ・【取材】フラクトン、インドでのNEARプロトコルのアクセラレーションプログラムにパートナー企業として参加(Fracton Ventures 亀井聡彦) ・ファンズが「ファンズ・マーケティング・スキーム」初号案件公開、NFTマーケットプレイス「ユニマ」を支援 ニュースの詳細や、アーカイブやその他の記事はこちらから https://www.neweconomy.jp/
In this episode, Jaimi Goodfriend, Head of Point72's Investment Professional Development and director of the Point72 Academy shares her winding path through Wall Street. From starting in M&A when she graduated from Michigan in 1997 to her jump to equity research a few years later, we learn the main reason she decided to pursue a career in finance and how she eventually ended up as a hedge fund analyst working for some of the most successful funds in the world including Balyasny and Citadel.Find out why after 3 years on the buyside she decided to take a massive pay cut and give it all up to become a professor at the University of Illinois and what drew her to Point72. Finally, in the last part of the pod, we discuss the Point72 Academy, what they look for in undergraduate hires and young professionals, the future of the industry as well as the odds of actually breaking in.Key links: Point72 Academy (https://academy.point72.com/)
Miguel Armaza sits down with Everett Cook, Co-Founder & CEO of Rho Business Banking, a NYC-based company offering banking services to SMBs, including corporate cards, payments and expenses. The company has raised close to $20 million from leading investors, including M13 Ventures, Torch Capital, Inspired Capital, Interplay Ventures, and Mike Vaughan. We talked about - Everett’s journey from hedge fund portfolio manager to startup founder - What inspired him and his co-founders to launch Rho - Why SMB banking in the US needs a refresh - Lessons learned from clients and investors over the past couple of years - And a lot more! Everett Cook - Co-Founder and CEO of Rho Everett Cook is the CEO and co-founder of Rho Business Banking. With over 10 years of experience in finance and investment management, Everett is an expert in financial structuring, macroeconomics and fintech regulations. Everett led research at two $1 billion macro funds, and has worked under leaders like Steve Cohen and Michael Bloomberg. About Rho Business Banking Rho Technologies is the NYC-based fintech behind Rho Business Banking, the only finance platform built from the ground-up to help business teams work better together. The company was founded by former Point72 and Deutsche Bank alum Everett Cook and British-Canadian serial entrepreneur Alex Wheldon. With backgrounds in both finance and operations, they understood how badly fragmented and outdated current commercial finance solutions and tools were relative to the rest of today’s enterprise software. The Rho Business Banking platform approach consists of a single solution that encompasses both collaborative finance software and commercial-grade banking, which together help businesses save time, money, and effort as they grow. Clients are all supported by its team of business bankers and capital markets professionals. Rho Business Banking offers banking, corporate cards, payments and expenses — all in one place. Rho provides finance technology on top of core banking to help businesses move, manage, and leverage money within their whole organization. Rho’s all-in-one platform consolidates banking and cash management with powerful financial tools like global payments, built-in expense management, and A/P, alongside its leading corporate card program. Rho clients are served by dedicated business bankers and introduced to growth options by our capital markets team.
The Interview, recorded on February 1, 2021 .In this interview with Jason Buck of The Mutiny Fund, famed short-seller Marc Cohodes of Alder Lane Farm pulls no punches as he diagnoses the true culprits behind the exponential volatility in stocks such as GameStop: extreme leverage and the hedge funds who use it in order to juice returns. Cohodes argues that hedge funds like Point72 and Melvin Capital are creating significant systemic risk for all market participants, most notably themselves, and he congratulates the retail trades on r/WallStreetBets but warns them that, generally, buying a stock merely because it has high short interest is a very bad idea. He closes by sharing with Buck his personal journey during the 2008 Great Financial Crisis. Key learnings: The stock market is not a game – it is a serious thing for serious people. The reckless use of leverage ought to be constrained by regulators, and all investors, institutional as well as retail, should be prepared to lose if they are wrong. Learn more about your ad choices. Visit megaphone.fm/adchoices
How Criminal Hedge Funds RIGGED GameStop Market w/Dylan Ratigan - YouTubeTrading app Robinhood blocks users from buying GameStop, other high-flying stocks | Fox BusinessGameStop Short Seller Melvin Gets $2.75B Funding From Citadel, Point72 (yahoo.com)Janet Yellen made millions in Wall Street, corporate speeches - POLITICOBiden's press office asked journalists to send questions in advance, drawing mixed reactions from reporters (yahoo.com)Hundreds deported under President Biden, including witness to massacre | WTRFBiden wants $1,400 stimulus checks, but signals a compromise with GOP is possible (yahoo.com)Blinken warns Iran may be just 'weeks away' from nuclear weapon (yahoo.com)Shawn Ryan Show #008 Retired Navy SEAL Tried for War Crimes Eddie Gallagher - YouTube
Esse foi o assunto da semana: a lenda de Robin Hood, que tirava dos ricos para dar aos pobres, a vingança dos pequenos investidores no varejo – as “sardinhas” – que fizeram com que um grande lobo de Wall Street, o fundo de investimento Melvin, perdesse muito dinheiro e precisasse ser resgatado por outros grandes fundos de investimento (Citadel e Point72). Mas afinal o que é short squeeze? Como funciona a dinâmica de uma posição vendida (short)? Posição vendida (short): Uma posição vendida é quando um investidor ou um fundo aposta na queda das ações de uma empresa devido à deterioração nos seus fundamentos ou devido ao seu alto preço/valuation. Para fazer uma posição vendida, o investidor “vende” as ações da empresa hoje, ao tomar emprestadas as ações, pagando uma taxa de aluguel, e esperando comprar as ações no futuro por um valor mais baixo e dessa forma encerrar a posição vendida. Como o investidor espera queda nas cotações, no futuro, essa diferença entre o preço atual e o preço mais baixo no futuro é o ganho na operação. Na posição comprada a possível perda do investidor fica limitada a 100por cento por cento do capital investido. No, entanto, na posição vendida pode-se perder mais do que o capital investido, pois existe a chamada de margem da posição vendida em aberto. Efeito virtuoso/vicioso: Uma característica interessante das operações vendidas é a seguinte: para que uma posição vendida (short) seja encerrada, o investidor precisa comprar as ações. Se a posição é muito grande, causa uma alta no preço das ações, o que pressiona ainda mais a posição dos vendidos que permanecem na posição. Dessa forma, a alta das ações provocada pela zeragem das posições vendidas (compra das ações) provoca uma alta adicional nas ações que aumenta ainda mais as chamadas de margem e as perdas dos investidores que têm posição vendida naquelas ações. Essa característica explica o alto volume negociado e as grandes variações no preço das ações num “short squeeze”. Short squeeze: A forte alta nas ações de uma posição vendida é um pesadelo para o fundo que tem essa posição short. Com a alta da ação ele precisa depositar mais margem (colocar dinheiro), o que aumenta a sua perda na operação. Para encerrar a posição e limitar as perdas, o fundo precisa comprar as ações, o que faz com que as ações subam ainda mais, o chamado “short squeeze” ou aperto na posição vendida. Assim quem provoca a alta no preço das ações coloca uma pressão (squeeze) nos investidores que tem posição vendida. O que aconteceu com as ações da GameStop: A GameStop é uma empresa de varejo com lojas físicas que vende videogames nos EUA. A posição total vendida em ações da GameStop chegou a 150por cento das ações em circulação no mercado nos EUA, algo somente possível com a existência de derivativos (opções). O fundo de investimento Melvin, com 10 bilhões de dólares sob gestão em dezembro do ano passado, tinha uma grande posição vendida em ações da GameStop, uma informação pública da carteira do fundo. Pequenos investidores pessoas físicas atuaram em conjunto por meio de redes sociais através do fórum Wallstreetbets, do Reddit, com quase 5 milhões de inscritos, para incentivar a compra da das ações da GameStop, o que ocasionou forte alta no preço das ações e colocou os gestores de fundos de hedge contra a parede. Nesse caso investidores individuais fizeram muito dinheiro enquanto o grande fundo Melvin (rico) perdeu tantos recursos que precisou ser resgatado por outros fundos de investimento (Citadel e Point72) que colocaram 2,75 bilhões de dólares na Melvin
Esse foi o assunto da semana: a lenda de Robin Hood, que tirava dos ricos para dar aos pobres, a vingança dos pequenos investidores no varejo – as “sardinhas” – que fizeram com que um grande lobo de Wall Street, o fundo de investimento Melvin, perdesse muito dinheiro e precisasse ser resgatado por outros grandes fundos de investimento (Citadel e Point72). Mas afinal o que é short squeeze? Como funciona a dinâmica de uma posição vendida (short)? Posição vendida (short): Uma posição vendida é quando um investidor ou um fundo aposta na queda das ações de uma empresa devido à deterioração nos seus fundamentos ou devido ao seu alto preço/valuation. Para fazer uma posição vendida, o investidor “vende” as ações da empresa hoje, ao tomar emprestadas as ações, pagando uma taxa de aluguel, e esperando comprar as ações no futuro por um valor mais baixo e dessa forma encerrar a posição vendida. Como o investidor espera queda nas cotações, no futuro, essa diferença entre o preço atual e o preço mais baixo no futuro é o ganho na operação. Na posição comprada a possível perda do investidor fica limitada a 100por cento por cento do capital investido. No, entanto, na posição vendida pode-se perder mais do que o capital investido, pois existe a chamada de margem da posição vendida em aberto. Efeito virtuoso/vicioso: Uma característica interessante das operações vendidas é a seguinte: para que uma posição vendida (short) seja encerrada, o investidor precisa comprar as ações. Se a posição é muito grande, causa uma alta no preço das ações, o que pressiona ainda mais a posição dos vendidos que permanecem na posição. Dessa forma, a alta das ações provocada pela zeragem das posições vendidas (compra das ações) provoca uma alta adicional nas ações que aumenta ainda mais as chamadas de margem e as perdas dos investidores que têm posição vendida naquelas ações. Essa característica explica o alto volume negociado e as grandes variações no preço das ações num “short squeeze”. Short squeeze: A forte alta nas ações de uma posição vendida é um pesadelo para o fundo que tem essa posição short. Com a alta da ação ele precisa depositar mais margem (colocar dinheiro), o que aumenta a sua perda na operação. Para encerrar a posição e limitar as perdas, o fundo precisa comprar as ações, o que faz com que as ações subam ainda mais, o chamado “short squeeze” ou aperto na posição vendida. Assim quem provoca a alta no preço das ações coloca uma pressão (squeeze) nos investidores que tem posição vendida. O que aconteceu com as ações da GameStop: A GameStop é uma empresa de varejo com lojas físicas que vende videogames nos EUA. A posição total vendida em ações da GameStop chegou a 150por cento das ações em circulação no mercado nos EUA, algo somente possível com a existência de derivativos (opções). O fundo de investimento Melvin, com 10 bilhões de dólares sob gestão em dezembro do ano passado, tinha uma grande posição vendida em ações da GameStop, uma informação pública da carteira do fundo. Pequenos investidores pessoas físicas atuaram em conjunto por meio de redes sociais através do fórum Wallstreetbets, do Reddit, com quase 5 milhões de inscritos, para incentivar a compra da das ações da GameStop, o que ocasionou forte alta no preço das ações e colocou os gestores de fundos de hedge contra a parede. Nesse caso investidores individuais fizeram muito dinheiro enquanto o grande fundo Melvin (rico) perdeu tantos recursos que precisou ser resgatado por outros fundos de investimento (Citadel e Point72) que colocaram 2,75 bilhões de dólares na Melvin
Laura Sogar and Mae Planert give a complete dumbed down breakdown of the drama with Gamestop. We go through all of the crazy market details so that you can also wrap your brain around this evolving story. We cover hedge funds, shorting, Melvin Capital, Point72, Citadel, GameStop, AMC, DeepFuckingValue, WallStreetBets, short squeeze, Call Options, Ryan Cohen, AMC, RobinHood and market makers….. but we make it funny? Bonus episodes and content every week: ▶▶https://www.patreon.com/risquebusinessnews ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
Social media has been abuzz about Redditors on a forum called “WallStreetBets”, banding together and buying up stock in a gaming merchandise retailer called GameStop. They are orchestrating a “short squeeze” against hedge funds that had taken a short position on the stock. Melvin Capital, one of the prime targets, lost over 30% of it's AUM and required an emergency infusion of $2.75 billion from fellow hedge funds Citadel and Point72. This is being seen as a triumph of the retail investors against institutions that purport to manipulate markets at the cost of smaller investors. To give us an insider's perspective on what is happening, we are joined by experienced traders, Rajiv and Dhiraj (anon), who speak about the significance of these events while also explaining concepts related to short selling, how it is different in India, what retail investors should beware of, and much more. This is a must listen episode for those interested in diving deeper on recent events and developing an understanding of markets and finance. The Bharatvaarta podcast is available on YouTube, Apple, Google, Spotify, Breaker, Stitcher, and other popular platforms. If you like this episode, then please rate, subscribe and share! For more information, do check out www.bharatvaarta.in.
Social media has been abuzz about Redditors on a forum called “WallStreetBets”, banding together and buying up stock in a gaming merchandise retailer called GameStop. They are orchestrating a “short squeeze” against hedge funds that had taken a short position on the stock. Melvin Capital, one of the prime targets, lost over 30% of it's AUM and required an emergency infusion of $2.75 billion from fellow hedge funds Citadel and Point72. This is being seen as a triumph of the retail investors against institutions that purport to manipulate markets at the cost of smaller investors. To give us an insider's perspective on what is happening, we are joined by experienced traders, Rajiv and Dhiraj (anon), who speak about the significance of these events while also explaining concepts related to short selling, how it is different in India, what retail investors should beware of, and much more. This is a must listen episode for those interested in diving deeper on recent events and developing an understanding of markets and finance. The Bharatvaarta podcast is available on YouTube, Apple, Google, Spotify, Breaker, Stitcher, and other popular platforms. If you like this episode, then please rate, subscribe and share! For more information, do check out www.bharatvaarta.in.
Looks like the generous gift of $2.75 Billion from Gary Cohen and Ken Griffin to Point72 was a temp gift to bail them out when they got short squeezed. Today Robinhood and many other brokerages froze any buying and allowed the hedge funds to open short positions Fu*king the investors who were buying long. Nice play Wall Street crooks! Here's how Citidel, Point72 and the other insiders murdered the Robinhood masses. This won't likely end well.
Melvin Capital has exited its bet against GameStop, having lost billions of dollars after a battle with amateur traders who pushed up the share price of the game retailer and other companies it had bet against. The hedge fund’s exit from the heavily traded stock, after it sustained significant losses, marks a triumph for retail traders co-ordinating on Reddit message boards. The New York firm, founded by Gabe Plotkin, a protégé of Point72 founder Steve Cohen, was forced earlier this week to seek a $2.75bn cash injection from its larger rivals Citadel and Point72, after it had lost about $3.75bn, or 30 per cent, in the first three weeks of the year, according to two people familiar with the matter. Shares of GameStop have rallied 685 per cent this year to $147.98, as of Tuesday’s closing level, with stock and options trading volumes skyrocketing over the past week as retail traders have piled in. The stock was quoted as high as $365.42 in pre-market trading on Wednesday. Users on the popular Reddit message board r/wallstreetbets have bought shares of the retailer as well as large numbers of call options, which pay out if GameStop shares rise. The r/wallstreetbets page in recent days has been filled with screenshots of investment accounts posting multimillion dollar gains, with users egging each other on to continue buying up the stock. One trader used his winnings to pay off his student debt… Michael Avery spoke to Wayne McCurrie, portfolio manager, FNB Wealth and Investments & Martin Harris, premium client manager at IG SA about the Robinhood traders who have slayed one goliath, the question is who is next?
This podcast has ads, thanks to our new partnership with Merk Research and their generous offer for our listeners. To listen without ads, sign up to become a premium subscriber. Brody Howatt of Bellator Asset Management joins the podcast to discuss his view that the market is getting closer to a "blow off top." The guest also talks about what it was like working for Steven Cohen at SAC Capital and Point72 before starting his own firm. Content Segments (Spotify users can link to the section directly by clicking on the timestamp) "A lot of it has to do with positioning" -- the major difference from before the election versus now (3:23); There could be another 5% upside to the S&P, which should be seen as an opportunity to bring down exposure (4:59); The run-off in Georgia is worth watching (7:17); Look at illiquid names and potentially "take advantage of the up move to get out" (9:59); The rotation out of big tech and into small caps has mostly played out already (12:51); Background on the guest: son of a professional hockey player, Choate, West Point, Iraq, SAC Capital (17:51); Bellator Asset Management, a veterans-owned business (22:43); What it was like working for the legendary Steve Cohen, cold trading floor and all (25:15); More about the Bellator strategy (29:51); "The syndicate market never sleeps" (34:55). More Information on the Guest: Website: BellatorFunds.com
Ever wonder all the intricacies that go in to purchasing a Major League Baseball team? What about the process of covering such a transaction? Well, this week on Caught Listening, Christian helps shed some light on these kinds of monumental buys.
Jessica honed her communications skills during her tenure at Point72, where she led communications for the firm’s venture capital arm — Point72 Ventures — in addition to serving as Vice President of corporate communications of the family office. She then went on to found Bevel ( https://www.bevelpr.com/ ), a leading public relations consultancy that works with venture capital funds, tech and fintech brands. Prior to Point72, Jessica had multiple sales and marketing roles at Moody’s, which included Head of Marketing Communications and Director of Global Sales, managing a book of $12.5M. She started her career at a mid-sized PR agency in NYC at the beginning of the financial crisis in 08’. Her clients included Oppenheimer Funds, RBC, RBS, and Jefferies. Jessica has received multiple awards for her work including PR News “Rising Stars 30 under 30” and Moody’s “Rising Star Award.” She holds her MBA of Finance from Zicklin School of Business at Baruch College and is a graduate of Quinnipiac University where she studied Public Relations. She currently serves on the Board for Children’s Cancer Recovery Foundation and volunteers a significant amount of her time doing public relations for non-profits focused on pediatric cancer. Some of the Topics Covered by Jessica Schaefer in this Episode What Bevel does and the types of companies they work with Jessica's experience working with Steve Cohen at Point 72 How Jessica decided to start Bevel PR Why Jessica ended up in communications How Bevel PR became the go-to fintech communication firm Some of the things Bevel PR does to help companies like Acorns and their strategy working with other companies When a startup should consider taking on a PR firm and what Bevel PR looks for in the companies they work with How Jessica has approached growing the team at Bevel PR and why she brings on people outside of the world of PR The unique pay structure Jessica uses for her own team at Bevel PR Building an internal communications team vs. hiring a firm like Bevel PR Proactive vs. reactive communications The expectations of the clients Bevel PR works with Working on a project with Dwayne "The Rock" Johnson and Acorns How Jessica looks at PR for Bevel PR, why she created a team internally, and what this team consists of COVID-19 and how Jessica has navigated the situation for Bevel PR The most challenging part of being in the public relations industry working with intense founders How Jessica recharges outside of work Jessica's advice for other founders Sign up for The Weekly Grind, for actionable insights and stories from successful entrepreneurs delivered to your inbox once per week: https://www.justgogrind.com/newsletter/ Listen to all episodes of the Just Go Grind Podcast: https://www.justgogrind.com/podcast/ Follow Justin Gordon on Twitter: https://twitter.com/justingordon212 Follow Justin Gordon on Instagram: https://www.instagram.com/justingordon8/
Pierpaolo Barbieri is the Founder & CEO of Ualá, an Argentinian consumer fintech taking South America by storm. Founded just three years ago, Ualá has already amassed more than two million customers in its native Argentina and recently expnanded to nearby Mexico. Unlike consumer banking offerings in many developed markets, which compete with incumbent banks, Ualá’s main competitor is cash in markets in which as many as half of adults are unbanked. Ualá has raised just under $200 million since launch, from leading investors including Soros, Point72, Goldman Sachs, Tencent and SoftBank. As if building the modern financial infrastructure for Latin America weren’t enough, Pierpaolo is a Harvard and Cambridge educated Historian and Economist, published author, macroeconomic advisor and regular contributor to publications including Foreign Affairs, The New York Times, The Financial Times, The Wall Street Journal and more. To subscribe to the Rebank newsletter, including insights, essays and written transcripts of all new episodes, please visit www.bankingthefuture.com. Thank you very much for joining us today. Please welcome, Pierpaolo Barbieri.
Join my conversation with crisis management and earned media guru, Mark Herr. For the last 20 years, Mark Herr has led or helped lead the communications efforts of three iconic financial services companies, Merrill Lynch, AIG, and SAC Capital/Point72 Asset Management. He shaped their responses to some of the highest-profile crises in the financial world, helped rebuild their reputations, and built the brands of several other properties. At Merrill Lynch, Mark created and executed the communications strategies as the company dealt with the turn of the century Tech-Wreck, Enron, and Auction Rate Securities litigations, as well as the other legal, regulatory, and public policy problems the company faced. Joining AIG in the heart of the 2008 financial crisis, Mark led AIG's Media Relations team as the company navigated being the poster child for the crisis. Working closely with CEO Bob Benmosche and other C Suite management, Mark devised the responses to the company's fall from grace and was a key architect of its reputational comeback. Hired by Steve Cohen and SAC Capital to create and build the firm's global communications function, Mark served as Managing Director and Head of Global Communications. He used his expertise in crisis communications and media relations to design the strategy that took SAC from being viewed by many as a pariah to a firm that enjoys 60 percent approval. He rebranded SAC as Point72 and built the brands for Mr. Cohen's VC firm, Point72 Ventures, his industry-unique analyst training vehicle, Point72 Academy, and his philanthropic veterans mental health treatment program, Cohen Veterans Network. Mark also created Point72's internal communications program and launched its digital and social media properties and strategy, while establishing its talent recruitment messages. A former reporter, political operative, litigator, regulator, and government official, Mark brings a unique 360-degree understanding to what it means to be in the blinding spotlight of public opinion and how to turn around the narrative from bad (or worse) to better. As a builder of brands, he also knows how to establish the right public presence for new firms. Mark has now founded his own communications boutique and among his projects, Mark is consulting with Mr. Cohen on Mr. Cohen's purchase of the New York Mets and advises other companies in the pharmaceutical and financial services industries. --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app --- Send in a voice message: https://anchor.fm/paulwoodshow/message
On today’s Tank Talk! We welcome our guest Wes Tang-Wymer, Co-Founder & General Partner @ Rucker Park Capital.On today's Talk, we ask Wes about his investor journey starting out in investment banking at Morgan Stanley and his unconventional path towards Wall St. Next, we ask Wes about his transition to the hedge fund world where he landed a role as a long/short equities analyst at Steve Cohen's family office, Point 72 Asset Mgmt, focusing on technology investments. We dig into the extremely fast- paced and high-pressure environment of working at such a notable firm like Point72. Wes explains the lessons he learned about risk management and portfolio construction.Moving on, we dig into Wes’ transition to venture capital as a founding member of the global investment team at Softbank in 2015 where he invested in some of the biggest unicorns of the last decade including Uber, Lemonade, Kabbage, SoFi, DiDi and countless others. We ask Wes about some of the mistakes he’s seen later-stage companies make after raising massive funding rounds that existing early-stage founders should try to avoid.Next get into Wes’ current role as co-founder of Rucker Park Capital w/ his former Softbank colleague Marrisa Campise and the firm's focus on early-stage investments. We ask Wes what he takes from his experience at SoftBank leading mega deals and the characteristics he looks for in founders he backs today.This Tank Talk really makes you appreciate the role luck, randomness and persistence plays in people's lives and how investing in yourself is the first step into taking you to where you eventually want to be in life.Wes’ Book Recommendations:Churchill: Walking with Destiny (Andrew Roberts)Evicted: Poverty and Profit in the American City (Matthew Desmond)The Mastermind: Drugs. Empire. Murder. Betrayal. (Evan Ratliff)Wes’ words of inspiration - “Embrace the role of luck and randomness while maintaining openness towards opportunities”Follow Matt Cohen and Tank Talks here! This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit tanktalks.substack.com
On today’s Tank Talk! We welcome our guest Wes Tang-Wymer, Co-Founder & General Partner @ Rucker Park Capital.On today's Talk, we ask Wes about his investor journey starting out in investment banking at Morgan Stanley and his unconventional path towards Wall St. Next, we ask Wes about his transition to the hedge fund world where he landed a role as a long/short equities analyst at Steve Cohen's family office, Point 72 Asset Mgmt, focusing on technology investments. We dig into the extremely fast- paced and high-pressure environment of working at such a notable firm like Point72. Wes explains the lessons he learned about risk management and portfolio construction.Moving on, we dig into Wes’ transition to venture capital as a founding member of the global investment team at Softbank in 2015 where he invested in some of the biggest unicorns of the last decade including Uber, Lemonade, Kabbage, SoFi, DiDi and countless others. We ask Wes about some of the mistakes he’s seen later-stage companies make after raising massive funding rounds that existing early-stage founders should try to avoid.Next get into Wes’ current role as co-founder of Rucker Park Capital w/ his former Softbank colleague Marrisa Campise and the firm's focus on early-stage investments. We ask Wes what he takes from his experience at SoftBank leading mega deals and the characteristics he looks for in founders he backs today.This Tank Talk really makes you appreciate the role luck, randomness and persistence plays in people's lives and how investing in yourself is the first step into taking you to where you eventually want to be in life.Wes’ Book Recommendations:Churchill: Walking with Destiny (Andrew Roberts)Evicted: Poverty and Profit in the American City (Matthew Desmond)The Mastermind: Drugs. Empire. Murder. Betrayal. (Evan Ratliff)Wes’ words of inspiration - “Embrace the role of luck and randomness while maintaining openness towards opportunities”Follow Matt Cohen and Tank Talks here!
In our third episode, Evan Feng discusses his transition from Citadel & Point72 to crypto, the craziness of DeFi, YAM, and LINK, why crypto needs better investor relations, and how his fund makes informed investment decisions.
Matthew Granade is Chief Market Intelligence Officer at Point72 and the Managing Partner of Point72 Ventures. Matthew oversees all proprietary research and data efforts at the firm, manages several of the internal systematic strategies, leads early stage venture investing, and recently launched Hyperscale, a new strategy that invests in AI-driven startups and connects them with operating companies to build model-driven businesses. Before joining Point72, Matthew started his investment career at Bridgewater and later was a co-founder of Domino Data Lab, a business that develops systems-of-record for enterprise data science teams across industries. Our conversation covers Matthew’s work optimizing the research process at Bridgewater, creating Domino Data, and leaving the company to join Point72. We turn to his tackling research and data science at Point72, blending the power of computers and humans, and overseeing Point72 ventures and Hyperscale. Learn More Read the Transcript Subscribe to the Capital Allocators Blog or Monthly Mailing List Don't Subscribe, but Let Us Know Who You Are Write a review on iTunes Follow Ted on twitter at @tseides Review past episodes of the Podcast
KodakFor a company that became famous for making camera film, and then became infamous, and bankrupt, for missing the shift to digital photography, Ea... talked about Kodaktalkedtwiceweird licensing dealannual reportchanged its name to Long Blockchain Corp.announcementand and andMax NisenIt had the expected effectnotcall this stuffbankrupt stockssoaringinstrumentsalso there is thissecurities regulationannouncing itconsistentthemetestified before CongressBezosstockconvertible bondspaid large feesthat is not truebanks love SPACsI wrote a little bitthere are more hereTrading Rallylaunches restructuringHefty ChargesPoint72Run by a RobotprofileCLO BetGot a Head Startcity slickersFoxsubscribe at this linkheregave up on the blockchain in 2019filed annual or quarterly reportsRegulation FDthe hearing videoFarhad Manjooit did until recently
Ishan Sinha, Point72 Ventures: Investing in Global Fintech Startups, Ep 101 Originally from New Delhi and Kathmandu, Ishan Sinha grew up on the move. Due to his Dad’s job, he lived in six countries in three different continents until finally settling down in Connecticut. Today, as Vice President of Point72 Ventures, he still spends a lot of time on planes, however his usual travel plans are currently on hold in light of COVID-19. In normal circumstances, he travels several times throughout the year to explore markets in the Middle East, Northern Africa, South East Asia, and Latin America. Point72 Ventures is the independent, early-stage investment arm of Steve Cohen’s $16B hedge fund Point72 Asset Management. The fund –always seeking to be at the forefront of new technology– naturally contacted a lot of startups, which eventually turned into investable businesses. Their first investment in Latin America was in Pierpaolo Barbieri’s fintech Ualá. Ishan, with his international background, immediately jumped at the opportunity to lead the fund’s new global endeavors. In this episode, I sit down with Ishan to talk about his nomadic upbringing, Point72’s core thesis and decision to explore outside of the US, and his insights on the differences between traditional investing and venture capital. We also discuss how Latin America compares to South East Asia, and Ishan gives advice on how to approach the Latin American market. A cultural education at a young age Ishan reflects on the valuable lessons he learned from growing up all over. He explains that being a foreigner in a lot of places taught him how to quickly connect with people, a skill that comes in handy at Point72 when he travels abroad to meet entrepreneurs from different countries. Learn more about how the nomadic lifestyle helps Ishan dive into different markets in this episode of Crossing Borders. Traditional investing versus venture capital Accustomed to a more quantitative approach to analysing businesses in public markets, the qualitative side of venture capital presented Ishan with a new and unexpected challenge. Making a decision based on abstract concepts or products and markets that do not exist yet contrasted with the heavy reliance on data that Ishan was used to. Listen to this episode of Crossing Borders to find out how Ishan uses his past experience in public markets to complement his work in venture capital. Drawing parallels between Latin America and South East Asia Ishan discusses the similarities he’s seen in markets across the world, particularly between Latin America and South East Asia. In 2019, he started spending more time in the Philippines as he closed his first investment in the country and noticed that the businesses in the region were not that different to Latin America’s. Both regions seem to be using technology as a leapfrog to solve similar pain points. Learn more about the parallel markets popping up all over the world in this episode of Crossing Borders. Ishan Sinha is following his mandate to invest globally. As Point72 expands throughout the region, Ishan’s experience in public and private markets as well as his unique upbringing will be key to tackling Latin America’s diversity. Show Notes [1:21] - On staying home [2:44] - About Point72 Ventures [6:12] - Expanding outside of the US [8:10] - Lessons learned from a nomadic upbringing [11:19] - Becoming an investor in tech [14:14] - Traditional investing versus venture capital [18:40] - Point72’s core thesis in LatAm [21:55] - Starting the conversation with Point72 [23:07] - South East Asia versus Latin America [29:27] - What’s next for Point72 in LatAm? Resources Mentioned: Point72 Ventures Ishan Sinha Domino Data Lab Sequioa Capital Pete Casella Tripp Schriner Ualá Ep 42 Pierpaolo Barbieri: How Ualá is Increasing Financial Inclusion in Argentina Mike Packer, QED Investors: The Trailblazing US VC Investing in Latin American Fintech, Ep 78 Belvo Credijusto Contabilizei Sprout
After the Soviet Union broke apart, Roman Ginis and his family left Ukraine and came to America. He earned a Ph.D. in computer science from the California Institute of Technology, and then landed engineering jobs at Intel, IBM and BAE Systems. From there, he moved to Wall Street as a junior quant at UBS, developing execution technologies and quantitative analytics for electronic market-making for the investment bank. That led to a job at Cubist Systematic Strategies, the quant trading arm of Point72 Asset Management. After seven years at the hedge fund, he shipped off to create a startup called Imperative Execution, the parent of IntelligentCross, a dark pool that uses AI to improve match times on a security-by-security basis to reduce market impact. Imperative Execution is backed by a consortium of investors, including Point72. Ginis talks about his career, the challenges of creating a startup, and how the world of trade execution is evolving.
A goal of our podcast is to highlight people who don’t highlight themselves— but are every bit as deserving of the spotlight as those on the big stage. Noah fits this profile perfectly- he’s the smart guy you sat next to at an industry dinner whose perspective on network forensics and GDPR were as interesting as his weeklong isolated "vacation" on the tundra of Baffin Island. An understated yet up and coming security investor currently at Point72, Noah’s take on the security market is insightful and raw: he explains why there are too many security companies and why it matters. He details why the mid-market is underserved by security vendors. We cover how investors mistakenly overcapitalize security vendors and when is the right time to bootstrap vs. taking any funding at all.
Host Tom Shaughnessy of Delphi Digital (DelphiDigital.io) is joined by Even Feng, the Founder and CIO of Tapestry Capital. I wanted to have Evan on since he has a storied career in finance and incredible insight given his positions with Barclays’ investment banking department to Citadel and then to Point 72 before creating tapestry capital. Evan is able to link the legacy financial world, with Crypto, and he able to explain the differences between the two worlds. We close as Evan describes Tapestry capital, how he plans to differentiate, and so much more. To access the insights package of Delphi's leading crypto research, visit DelphiDigital.io on your device and sign up using coupon code CHAINREACTION. Follow Tom on Twitter @Shaughnessy119 Follow Evan on Twitter @EvanTheFeng Visit Tapestry Capital Disclosure: Tom Shaughnessy owns tokens in BTC, ETH, DCR, MKR, XTZ and Loom. This podcast is NOT investment advice and is only informational. Do not make investment decisions based upon this podcast. Delphi Digital was not compensated by any party for this podcast episode other than Podbean's advertisers. This content is strictly informational and is not a solicitation to buy or sell any security or token. - Advertisers: To advertise on this podcast, email Tom@DelphiDigital.io Potential Guests: If you're interested in appearing on the podcast, email Tom@DelphiDigital.io -
Bloomberg Opinion columnist Barry Ritholtz interviews Matthew Granade, chief market intelligence officer at Point72 Asset Management. Granade directs the firm’s central portfolio and manages Point72 Ventures, which funds early-stage companies in financial technology, enterprise automation, artificial intelligence and cybersecurity. Before joining Point72 in 2015, Mr. Granade co-founded Domino Data Lab and served as co-head of research for Bridgewater Associates.
Andrew Jamison is the CEO of Extend, a platform backed by Point72, Plug and Play and American Express that enables business owners to digitally share their credit card with employees without exposing sensitive information. At AMEX, Andrew managed all B2B payments solutions, including virtual card platforms and products, before he left to start Extend, which Point72 Steve Cohen backed. Extend is slated to be the “PayPal of credit cards." **Links:** Andrew: [https://www.linkedin.com/in/andrew-jamison/](https://www.linkedin.com/in/andrew-jamison/) Extend: [www.paywithextend.com](www.paywithextend.com) Benzinga Fintech Summit: [https://benzingafintechsummit.com/](https://benzingafintechsummit.com/)
Tiingo Investing: How to Create a Better Investment and Retirement Portfolio
We sit down with Jonathon Jones and Jaimi Goodfriend of Point72 to discuss what it takes for a university student to enter the financial industry. In this episode we discuss interview tips, what an analyst program is, and how you can make the most of your internship. We also kick off our collaboration in which Point72 uses a portfolio competition on Tiingo to help find new talent! Join the Tiingo – Point72 Portfolio game, where winners may get the opportunity to interview at Point72 along with other prizes: https://www.tiingo.com/point72
Travis Kling is the founder and CIO at Ikigai Asset Management, an investment firm focused on crypto assets. He previously was a portfolio manager at Point72 where he traded Long/Short Energy Equities. In this conversation, Anthony Pompliano and Travis Kling discuss token structures, price movements and outlook, value accrual, the importance of BitMEX, and what needs to change for crypto to have sustainability.
Tom Keene and Michael McKee bring you the best in economics, finance, investment and international relations. Today in Surveillance, they discuss the American economy with Sri-Kumar Global Strategies' Komal Sri-Kumar; commodities with Gartman Letter Editor, Dennis Gartman; and the Fed with Point72's Dean Maki. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com